U.S. Treasury Is Getting Out Of GM

The days of Government Motors are slowly coming to an end. “The U.S. Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector,” the Treasury told Reuters.

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Government Motors: Chinese Government, Kuwaiti Government …

The Freep says GM has appointed a Vice President of diversity. And they’ll need one. GM’s post-IPO ownership roster shapes up to be quite, well, diverse. China’s SAIC appears to be gung-ho for the IPO. And it’s not just the Chinese government that likes the idea of owning a little bit of America.

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The Term "Government Motors" Takes On More Meaning.

The article I’m about to write may give you one of two reactions:

1. You may shrug your shoulders and see nothing wrong with it.

Or 2. You may burst a blood a vessel.

Ready…?

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Quote Of The Day: Escape From Government Motors Edition

We want the government out, period. We don’t want to be known as Government Motors.

GM Chairman and CEO Ed Whitacre channels his inner Rick “Bankruptcy is not an option” Wagoner in the New York Times, telling the taxpayers who put him in charge of a bailout-rinsed General Motors to get lost. Sure Ed, we’ll all go NSFW ourselves just as soon as we get our $49.5 billion back. Talk about putting the throat-clearing guttural in chutzpah…

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Why The Chevy Equinox EPA Mileage Numbers Don't Add Up

TTAC GM Bashing Alert! The following article has been read and reviewed by the TTAC-GM Assault Protective Services Committee and has been found to contain material that may put GM in a negative light. Reader discretion is advised.

Unless the elves are asleep at Google, the odds are good that there will be an ad for the 2010 Chevrolet Equinox immediately to the right of this article. And it will proudly trumpet its 32 mpg EPA highway rating, like every other Equinox ad. From GM’s first gleeful announcement, it was hard to swallow from the that a tall, almost 4,000 lb CUV could actually get 32 mpg on the highway, or 26 mpg combined. It appears others are having the same blockage of the pharynx. Now that there’s a number of reviews out, they all show the same pattern: the Equinox EPA numbers are highly deceptive. But would the EPA ever come down on Government Motors?

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What's Wrong With This Picture: Flaunt Or Reprimand Daily Edition
The rubber always hits the road sooner or later…
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Under Congressional Pressure, GM Hints At Dealer Restoration

The recent revelation that congresspeople have been successful in coercing GM to rescind dealer closures in their districts, has the rest of our elected representatives (not to mention GM itself) sitting up and taking notice. In a conference call with Michigan’s congressional delegation, Fritz Henderson said GM was close to a deal which would restore a number of “mistakenly” closed dealerships. But GM hasn’t met with rejected dealers in weeks, and the Committee To Restore Dealer Rights is unaware of any such agreement. “[Henderson] was very vague, and the plan sounded inadequate to me,” Michigan Republican Hoekstra tells Automotive News [sub]. “He explained, for instance, that they might reopen some franchises if they found errors, but he didn’t say what those errors might be.” Henderson also rejected the dealer demand for compensation of $3,000 per vehicle sold in 2006, 2007 and 2008, further supporting suspicions that GM doesn’t have a deal at all. So what is happening?

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  • The Oracle This thing got porky quick.
  • Kwi65728132 I'll grant that it's nicely kept but I'm not a fan of the bangle butt designs, and I know better than to buy a used BMW while living anywhere in the world other than in the fatherland where these are as common as any Honda or Toyota is anywhere else.
  • ChristianWimmer When these came out I thought they were hideous: now they’ve grown on me. This one looks pretty nice. Well-maintained, low mileage and some good-looking wheels that aren’t super fancy but not cheap-looking or boring either, they are just right.
  • Aja8888 Someday in the far away future, all cars will look the same, people will be the same color, dogs will be all mixed beyond recognition, and governments will own everything. That car looks like my son's Hyundai Tucson without badges.
  • Tassos Of course, what the hell did you expect? A SERIOUS, BEAUTIFUL car you can ACTUALLY USE AS YOUR DAILY DRIVER???............. NOOOOO, THIS IS TIM WE ARE TALKING ABOUT. SO HE FINDS SOME OBSOLETE POS WHICH IS 22 years old, .............AND HE PURPOSELY MISSES THE BEAUTIFUL MODEL, THE Classical Beauty E39 that ended in 2003. ...........So he uses his column as a WASTEBASKET once again, to throw the first year of BMWs BANGLED 5 series (as in the INFAMOUS CHRIS BANGLE WHO SCREWED UP THE DESIGN ROYALLY). ................................................ As Dr. Evil, Fake Doctor Jill Biden would scream at the top of her voice, so her senile idiot husband could hear her, "Good Job, (Tim)! You answered all the questions and ticked all the boxes!" ..... KEEP UP THE S---Y work, Tim!